China's GDP grew 5.3% in Q1, beating expectations
Release time：2024-05-21 09:18:02 Source：Culture Connection news portal
HONG KONG (AP) — China’s economy in the first quarter beat expectations while receiving a boost from policies and an increase in demand, the government said Tuesday.
The world’s second-largest economy expanded at a 5.3% annual pace in January-March, beating analysts’ forecasts of about 4.8%, official data show. Compared to the previous quarter, growth was up 1.6%.
China’s economy has struggled to bounce back from the COVID-19 pandemic, with a slowdown in demand and a property crisis weighing on its growth.
The better-than-expected economy data came days after China reported a decline in import and export figures for March as well as a slowdown in inflation following months of deflationary pressures.
Industrial output for the first quarter was up 6.1% compared to the same time last year, and retail sales grew at an annual pace of 4.7%. Fixed investment for Q1 grew 4.5% compared to the same period a year ago.
- Previous：Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
- Next：'Constantly learning' Imanaga off to impressive start with the Chicago Cubs
Related articles
- Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire
- China's experience with gender equality shared at UN
- Meet trying to divide world, observers say
- China strengthens punishment of corrupt practices
- Medics remove 150 MAGGOTS from a woman's mouth after dental procedure left her with rotting tissue
- Top adviser reaffirms opposition to 'Taiwan independence'
- World reporters gain insights at two sessions
- China's envoy calls for collective action on nuclear disarmament
- Ricky Stenhouse punching Kyle Busch could lead to suspension
- Palestinians seek unity with appointment of new PM
- Medics remove 150 MAGGOTS from a woman's mouth after dental procedure left her with rotting tissue
- Mainland spokesperson affirms patrols from coast guard near Kinmen legitimate
- China's courts successfully serve and protect innovation
- Legislators eye growth boost
- With Djokovic awaiting the winner, Murray trails Hanfmann at rain
- FM trip to aid stability in Asia
- Chinese FM denounces 'freedom of speech' in U.S.
- Xi holds talks with Angolan president
- Dodgers acquire pitcher Yohan Ramírez from Mets for cash
- Ministry: U.S. practice disrupts normal business activities
Random recommendation
- Copyright © 2024 Powered by China's GDP grew 5.3% in Q1, beating expectations ,Culture Connection news portal sitemap